SilverStream Reports Positive Q1 Outlook

SilverStream Software, Inc. , today announced several new and existing customers for it SilverStream eXtend product line, in the first quarter of 2002.

The integrated product suite, launched in December, 2001, is designed to simplify and accelerate the development and deployment of the next generation of Web applications using Web services.

SilverStream argues that any organization that has a complex IT environment can benefit from SilverStream eXtend’s XML-based integration capabilities which Web service-enable enterprise systems including mainframes and other legacy or back-end systems, vendor packages, Web sites and EDI exchanges.

Among those also choosing SilverStream eXtend products for the first time are Arbella Insurance Group and Clarica Life Insurance.

“After evaluating several options, we chose SilverStream on the strength of the company’s products,” says Peter Van Dyk, vice president and chief information officer for Clarica Life Insurance Company – US.

“SilverStream eXtend Composer will enable us to integrate a number of disparate systems that contain information for our sales force and internal business partners. We chose eXtend Composer because it fits easily into our WebSphere-based architecture and will enable Clarica to connect our stakeholders with the information they need,” he continues.

Many existing SilverStream customers representing a diverse range of industries have also purchased new or additional SilverStream eXtend products in the first quarter of 2002, including a United States Government Agency, the Confederation of Norwegian Business, the County of El Paso, Express Scripts, MacDonald Dettwiler, Minihouse, the Minnesota Department of Health and the State of Ohio Department of Health.

“SilverStream is a valuable partner committed to the success of our legacy integration and migration projects,” said Susan Curnutte, division manager, Strategic Application Systems, County of El Paso, Colo.

“The recently released, next-generation SilverStream eXtend products provide just what we’ve come to expect from SilverStream technology – a solid and standards-based foundation that is highly productive.”

Adds Shawn McCann, Lead Project Engineer at MacDonald Dettwiler (MDA): “MDA continues to invest in SilverStream eXtend Composer because we believe it helps us deliver services to our UK land information customers as well as support new projects over the next year.”

“These customer wins so early in the first quarter demonstrate that the SilverStream eXtend product suite is already gaining traction in the emerging market for Web services’ solutions,” says David Litwack, president and CEO of SilverStream Software, Inc.

SilverStream is very well positioned with the SilverStream eXtend product suite and we look forward to continued success as the market for these solutions grows in the months and years to come.”

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